Check out the companies that make headlines in pre-market transactions. FedEx – Stocks fell more than 8% after parcel delivery companies cut their year-round guidance and cited the “weakness” of the US industrial economy. FedEx currently expects earnings per share to fall from previously set ranges from $19 to $20 per share, following a certain exclusion. United Parcel Service shared 1.5% slides in sympathy. Cleveland-Cliffs – Steel Producer lost 2% after Minnesota Star Tribune reported that Cleveland-Cliffs temporarily idle two factories, bringing hundreds of jobs. The decision comes as the automaker reduced the order amid uncertainty linked to President Donald Trump’s tariff policy. Nike – The athletic apparel maker has dropped almost 7% after warning that sales would fall in the current quarter. That entry overshadowed quarterly reports more than expected, with Nike surpassing analyst consensus forecasts on both lines. Micron Technology – Despite breaking Wall Street’s expectations for second-quarter revenue and providing strong guidance, semiconductor stock has slided almost 4%. Micron won $1.56 per share, adjusted with revenue of $8.05 billion, while Analyst handed out pencils with pencils at just $1.42 per share and $7.89 billion, respectively. US Steel – Steelmakers slipped 1% in the heels of weak instruction in the first quarter. US Steel said it expects a loss of 49 cents to 53 cents per share, but said Analyst voted on fact sets, a decline of 32 cents per share fell. LENNAR – Home builders reduced their second quarter 22,500-23,500 new orders by nearly 4% after falling below a single consensus estimate, below the 23,802 consensus estimate. However, first quarter revenue and revenue beat expectations. DANAHER – Conglomerate added 2% following an upgrade to Goldman Sachs to buy from Neutral. Goldman said after a rough patch, the stock could rise the following year. Adaptive Biotechnology – Biotechnology stock has popped almost 4% behind Goldman Sachs upgrades to buy from Neutral. Goldman said Adaptive is in a strong end market and its position is improving within it. – Reported by CNBC’s Michelle Fox
